| From : blog.smartincubator.com
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Europe may already have passed its biggest stress test. The euro has rallied 8 percent from a four-year low last month. Greece, Spain and Portugal have managed to sell 50 billion euros ($64 billion) of debt since May 10 when the need to save the single currency forced finance ministers to create a nearly $1 [...] Read Full Story
| From : blog.smartincubator.com
Published to CEO Lloyd Blankfein
Goldman Sachs Group Inc.’s $550 million settlement with U.S. regulators yesterday will benefit the firm by ending three months of uncertainty at an affordable price. Now the rest of Wall Street begins calculating the cost. Investors welcomed the deal with the Securities and Exchange Commission, saying the company won key points: The cost was below [...] Read Full Story
| From : blog.smartincubator.com
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On a hill high above Cleveland, Tennessee, stands a manor modeled after George Vanderbilt’s Biltmore. A stone-and-stucco pile topped by a copper dome, the house is perched on a 650-acre (263-hectare) estate that features two artificial lakes, a regulation-sized football field and a three- story tree house, plus stables, a greenhouse and an aviary. If this sounds [...] Read Full Story
| From : blog.smartincubator.com
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There is nothing like an inquisitive child to make you realize just how complicated the topic of money is. That’s what I ended up thinking after my 4-year-old daughter a few weeks ago stomped her feet, turned red and demanded to know why we did not own a summer house. It might have been funny [...] Read Full Story
| From : blog.smartincubator.com
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China’s passenger-car sales growth slowed in June as inflation accelerated, reducing consumers’ spending power in the world’s largest auto market. Sales of cars, sport-utility vehicles and multipurpose vehicles rose 10.9 percent from a year earlier to 839,228 last month, the China Automotive Technology & Research Center said today. That compares with 34 percent growth in April and 25 [...] Read Full Story
| From : blog.smartincubator.com
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The U.S. House of Representatives approved the financial-overhaul bill, moving a step closer to enacting the broadest rewrite of Wall Street rules since the Great Depression. The House voted 237-192 in favor of the bill. It also will have to be approved by the Senate, which delayed action until after the weeklong July 4 recess, [...] Read Full Story
| From : blog.smartincubator.com
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Amazon.com and Barnes & Noble slashed prices on their rival electronic book readers on Monday, responding to intensifying market competition and the success of Apple’s iPad. Shares in both companies fell about 3 percent as investors feared intense competition could lure away buyers of e-books, the fastest-growing segment in a moribund bookselling industry. Profit margins on Barnes [...] Read Full Story
| From : blog.smartincubator.com
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U.K. Chancellor of the Exchequer George Osborne said he’ll raise taxes on banks and savers, while cutting welfare spending in a budget tomorrow that aims to close a record deficit without strangling an economic rebound. Osborne said yesterday the “pain” of the biggest spending squeeze in 30 years will be spread over the Parliament’s five- year [...] Read Full Story
| From : blog.smartincubator.com
Published to Dmitry Medvedev
Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.” “Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.” The coin, [...] Read Full Story
| From : blog.smartincubator.com
Not yet published.
On Friday the new Prime Minister of Japan, Naoto Kan, warned that the country must control its national debt or risk defaulting.
This comes after this week’s interesting advertisement, placed in Japanese magazines by the Ministry of Finance, which attempts to use sex to sell government bonds. Click here for Japan’s full advertisement.
Why the push to sell these [...] Read Full Story
